Wood Group expands operator training and simulation capabilities with acquisition of Cape Software

Wood Group expands operator training and simulation capabilities with
acquisition of Cape Software
PR Newswire
HOUSTON, April 15, 2014
HOUSTON, April 15, 2014 /PRNewswire/ -- Wood Group has acquired Cape Software
("Cape"), a Texas provider of simulation software and services for operator
training and logic validation for SCADA and DCS industrial control systems
used by the oil & gas and other process-based industries. Cape will become
part of the MSi Kenny Products business within Wood Group Kenny. Cape's
revenue for the year to December 31, 2013 was around $5 million.
Cape's VP Link® software product, used to simulate process responses on
control networks and for interactive operator training, complements MSi
Kenny's more comprehensive Virtuoso® simulation modelling technology, which is
used for pipelines and processes. The companies' previous collaborations have
resulted in the development and implementation of integrated operator training
systems for upstream offshore oil & gas facilities, enabling critical unit
operations to be rigorously modelled.
Michael Mai, a member of the Wood Group Kenny leadership team and president of
MSi Kenny, said: "The acquisition of Cape expands our product and service
portfolio for customers worldwide and is an important part of our
technology-led growth strategy. VP Link broadens our existing operator
training simulator to include a full-featured, hardware-based solution, so
operators can train on the same type of equipment they will operate in the
control room.
"Cape also provides us with an avenue to bring our simulation technology to
other industries for cost-efficient process optimization and monitoring. As
process safety continues to be a core concern across industries we intend to
expand on Cape's proven track record in the SCADA/DCS and safety systems
verification market through Wood Group's global footprint. Cape's technology
and culture are well aligned with MSi Kenny's as demonstrated by our
innovative technology collaboration on previous simulator projects for major
oil & gas operators."
Notes to Editors
Wood Group is an international energy services company with around $7bn sales,
employing around 46,000 people worldwide and operating in 50 countries. The
Group has three businesses – Wood Group Engineering, Wood Group PSN and Wood
Group GTS – providing a range of engineering, production support, maintenance
management and industrial gas turbine overhaul and repair services to the oil
& gas, and power generation industries worldwide. www.woodgroup.com
Wood Group Kenny is the world's largest independent specialist subsea,
pipeline and riser engineering and management contractor, employing more than
2,800 people worldwide, part of international energy services company, Wood
Group. www.woodgroupkenny.com
MSi Kenny, a Wood Group Kenny business, is a specialized multiphase
consultancy experienced in the application of advanced technology for the
design and optimal operation of oil & gas production, pipeline and processing
facilities.
Cape Software provides software and services for operator training simulators
and logic validation for supervisory control and data acquisition (SCADA) and
distributed control (DCS) systems. Cape was founded in 1990 and is located in
The Woodlands, Texas.
SOURCE Wood Group
Website: http://www.woodgroup.com
Contact: Media enquiries: Bobbie Ireland, Director, Corporate Communications -
Americas, Wood Group, Tel: +1 281 828 3505, email:
bobbie.ireland@woodgroup.com, or Carolyn Smith, Director, Corporate
Communications - Eastern Hemisphere, Wood Group, Tel: +44 (0) 1224 851 099,
email: carolyn.smith@woodgroup.com; Investor and analyst enquiries: Andrew
Rose, Group Head of Investor Relations, Wood Group, Tel: +44 1224 532716,
email: andrew.rose@woodgroup.com